Bessemer Group Inc. Grows Position in Koppers Holdings Inc. (KOP)

Bessemer Group Inc. lifted its position in Koppers Holdings Inc. (NYSE:KOP) by 77.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,400 shares of the specialty chemicals company’s stock after acquiring an additional 4,100 shares during the period. Bessemer Group Inc.’s holdings in Koppers Holdings were worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its position in shares of Koppers Holdings by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the specialty chemicals company’s stock valued at $307,000 after acquiring an additional 100 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Koppers Holdings by 1.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 6,200 shares of the specialty chemicals company’s stock valued at $263,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System increased its position in shares of Koppers Holdings by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 10,886 shares of the specialty chemicals company’s stock valued at $394,000 after acquiring an additional 100 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Koppers Holdings by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock valued at $176,000 after acquiring an additional 210 shares during the period. Finally, Texas Permanent School Fund increased its position in shares of Koppers Holdings by 1.5% in the 2nd quarter. Texas Permanent School Fund now owns 15,191 shares of the specialty chemicals company’s stock valued at $549,000 after acquiring an additional 229 shares during the period. 88.27% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on KOP shares. Zacks Investment Research raised Koppers Holdings from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research report on Friday. Jefferies Group LLC reissued a “hold” rating and issued a $40.00 target price on shares of Koppers Holdings in a research report on Thursday, October 12th. TheStreet raised Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Finally, Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of Koppers Holdings in a research report on Thursday, September 14th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Koppers Holdings has a consensus rating of “Buy” and a consensus target price of $47.20.

In other news, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $43.00, for a total transaction of $77,400.00. Following the sale, the vice president now directly owns 19,927 shares in the company, valued at approximately $856,861. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Leslie S. Hyde sold 1,810 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $45.00, for a total value of $81,450.00. Following the sale, the vice president now owns 19,727 shares in the company, valued at $887,715. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

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Shares of Koppers Holdings Inc. (NYSE:KOP) opened at $47.25 on Friday. The firm has a market capitalization of $980.20, a PE ratio of 12.80, a price-to-earnings-growth ratio of 0.70 and a beta of 1.02. The company has a debt-to-equity ratio of 6.08, a quick ratio of 1.13 and a current ratio of 2.02. Koppers Holdings Inc. has a 12-month low of $33.90 and a 12-month high of $51.80.

Koppers Holdings (NYSE:KOP) last announced its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.55. The company had revenue of $384.80 million for the quarter, compared to the consensus estimate of $363.00 million. Koppers Holdings had a return on equity of 119.06% and a net margin of 3.54%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. equities analysts anticipate that Koppers Holdings Inc. will post 3.75 earnings per share for the current fiscal year.

Koppers Holdings Company Profile

Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.

Institutional Ownership by Quarter for Koppers Holdings (NYSE:KOP)

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